City & Guilds executives awarded themselves £3m unauthorized bonuses

Internal investigation finds City & Guilds CEO Kirstie Donnelly and finance chief Abid Ismail paid themselves nearly £3m in bonuses without authorization following the vocational charity's £166m sale. This corporate governance scandal at a major UK educational institution has minimal direct impact on currency markets, as it represents isolated misconduct rather than broader economic policy or financial sector issues affecting GBP.